CANTON, Ohio, Jan. 26 /PRNewswire/ -- FirstMerit Bank announced today the
formation of FirstMerit Commercial Energy Group. This newly formed group will
provide financial services to the energy independents, and will actively
market in the Appalachian, Illinois, and Michigan Basins.
(Photo: http://www.newscom.com/cgi-bin/prnh/20060126/CLTH060-a)
(Photo: http://www.newscom.com/cgi-bin/prnh/20060126/CLTH060-b)
(Photo: http://www.newscom.com/cgi-bin/prnh/20060126/CLTH060-c)
(Logo: http://www.newscom.com/cgi-bin/prnh/20001220/FIRSTMERITLOGO)
The company will provide reserve-based and project financing for various
needs within the oil and gas industry.
"FirstMerit is focused on the being the bank for 'owner-managed
businesses,' and there is a great need for a financial institution in Ohio and
surrounding states to step forward and help independent energy producers
grow," said Daniel K. McGill, regional president & CEO. "Furthermore, we have
a highly experienced team of commercial bankers that bring tremendous industry
knowledge and experience."
To support the newly formed Commercial Energy Group, FirstMerit has hired:
James S. Bolinger, senior vice president of Commercial Banking and
FirstMerit Commercial Energy Group Manager. Bolinger brings more than 25 years
of banking and industry experience. He holds a bachelor's degree in petroleum
engineering from Marietta College, and is a member of the Ohio Oil & Gas
Association. Bolinger and his family reside in Jackson Township, Ohio.
Milton J. Haynes, vice president of Commercial Banking and energy
relationship manager of FirstMerit Commercial Energy Group. He brings more
than 10 years experience. Haynes is a member of the Ohio Oil & Gas Association
and holds a bachelor's degree from Marietta College. He resides in Jackson
Township, Ohio.
Gayland R. Stehle, vice president of Commercial Banking and petroleum
engineer. Stehle brings more than 25 years experience. Stehle is a member of
the Society of Petroleum Engineers and holds a bachelor's degree in petroleum
engineering from Texas A&M University. He and his family reside in Jackson
Township, Ohio.
"With more than 60 years of industry and energy finance experience, we
have the products, services and people to be a valuable partner to independent
gas and oil producers," said McGill.
FirstMerit Commercial Energy Group will be housed in the bank's new Munson
Drive location in Canton, Ohio. For more information, or to discuss a specific
financing opportunity, please contact:
James S. Bolinger, Senior Vice President
(330) 830-4763
Milton J. Haynes, Vice President
(330) 830-4765
FirstMerit Corporation (Nasdaq: FMER) is a diversified financial services
company headquartered in Akron, Ohio, with assets of $10.1 billion as of
December 31, 2006 and 160 banking offices in 24 Ohio and Western Pennsylvania
counties. FirstMerit provides a complete range of banking and other financial
services to consumers and businesses through its wholly-owned subsidiaries
which include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation,
FirstMerit Title Agency, Ltd., FirstMerit Credit Life Insurance Company, and
FirstMerit Community Development Corporation.
SOURCE FirstMerit Bank N.A.
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